Lazard Freres & Co. LLC v. NorthWestern Corp. (In re NorthWestern Corp.)
May
22
2006
Ruling
Court reversed bankruptcy court's fee order and approved application for restructuring fee since section 330 rather than section 328 standard had wrongly been applied.
Procedural posture
An official committee of unsecured creditors hired appellant company to provide financial advisement services in conjunction with appellee chapter 11 debtor's bankruptcy proceedings. The company appealed after the bankruptcy court sua sponte reduced its restructuring fee by 50 percent and entered a fee order based on the reduced fee amount.
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Court
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